Futures find peace

Julie Morgan· Host0:00

[instrumental music] Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's good to be with you on this final day of the trading week. Today is Thursday, June 18th. I'm Julie Morgan. Stock index futures are higher before the opening bell. Two items of note that are shaping sentiment, President Trump and the president of Iran signed a memorandum of understanding aimed at ending hostilities between the two countries. In addition, investors are assessing Federal Reserve Chairman Kevin Warsh's policy debut. If you'd like a deeper dive into the new Fed chair and his post-meeting remarks, be sure to check out Wednesday's special edition of Wall Street Lunch. The framework of the 14-point MOU calls for an immediate end to military operation, the reopening of key shipping routes, and negotiations on a final deal within 60 days. The US would gradually lift sanctions, unfreeze Iranian assets, and ease restrictions on Iranian oil. Iran commits not to pursue nuclear weapons and to cooperate with international nuclear oversight. The agreement also includes plans for major reconstruction funding and would ultimately be backed by a binding UN Security Council resolution. The market is reacting positively. The Dow is up 524 points, the S&P 500 is up 1.3%, and the Nasdaq